GOOD NEWS MINISTRIES OF NEW JERSEY… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

WILLIAM WEGNER

Tax Period

2019-07-01 to 2020-06-30

GOOD NEWS MINISTRIES OF NEW JERSEY INC, founded in 1994, is a small nonprofit in the Religion sector that reported $131K in total revenue in fiscal year 2019. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $118K left a modest 10% surplus.

Mission

TO ADVANCE CATHOLIC MINISTRY, CONDUCT PARISH MISSIONS & PROMOTE AND CONDUCT SCHOOL OF EVANGELIZATION.

Program Service Accomplishments

Program 1

Expenses: $118,438

TO BRING THE GOSPEL OF JESUS CHRIST AND THE PRACTICALITY, DESIRABILITY AND THE NECCESSITY OF LIVING JESUS TO THE PEOPLE OF GOD. TO CONDUCT PARISH DAYS OF REFLECTION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $120,971

Program Service Revenue $0

Investment Income $10,000

Other Revenue $0

TOTAL REVENUE $130,971

Expense Breakdown

Grants Paid $11,741

Salaries & Benefits $44,285

Fundraising Expenses $0

Program Expenses $118,438

Other Expenses $62,412

TOTAL EXPENSES $118,438

Year-over-Year Comparison

	2019	2018	Change
Revenue	$130,971	$113,784	+0.2%
Expenses	$118,438	$116,730	+0.0%
Net Income	$12,533	$-2,946	-5.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM WEGNER	PRESIDENTDIRECTOR	40.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2020	$130,971	$118,438	$94,384	$12,533
2019	$113,784	$116,730	$81,851	$-2,946
2018	$117,601	$106,235	$84,797	$11,366

GOOD NEWS MINISTRIES OF NEW JERSEY INC